Automatic Revocation Sample Clauses
The Automatic Revocation clause establishes that certain rights, permissions, or agreements are immediately withdrawn upon the occurrence of specified events, without the need for further action by either party. For example, this clause may apply if a party breaches a key obligation, becomes insolvent, or fails to meet certain conditions, resulting in the automatic loss of a license or contractual benefit. Its core practical function is to provide certainty and efficiency by ensuring that revocation happens instantly and predictably, thereby protecting parties from ongoing risk or exposure when critical terms are violated.
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Automatic Revocation. This Release shall become null and void if not countersigned by an authorized officer of each of the TPG Parties, and returned to Executive, within ten (10) days after it is signed by Executive, and delivered to the TPG Parties in accordance with the notice provisions in the Employment Agreement.
Automatic Revocation. Any license issued under the provisions of this chapter shall stand revoked without further proceedings upon the conviction of a licensee or employee, agent or representative thereof for a second offense under this chapter or for a violation of Chapters 125 or 139 of Wisconsin Statutes, or any other state or federal liquor or fermented malt beverage laws.
Automatic Revocation. Upon Loss of 501(c)(3)
Automatic Revocation. In connection with any permitted use on any social media platform or other third- party website, Licensee's rights to such permitted uses shall automatically be revoked in the event that the third party website seeks to exploit purported rights to the licensed Content contrary to the terms of this Agreement; and in such event, upon Jukin Media’s request, Licensee shall remove any licensed Content from such platform or website.
Automatic Revocation. This regulation shall be automatically re voked on the effective date of a specific ceiling price regulation fixing ceiling prices for distillers’ dried products.
Automatic Revocation. If Executive shall revoke the Release granted by him today to Riverwood, Holding and RIC Holding, this Release shall be automatically revoked and of no further force or effect as though this Release had never been granted.
Automatic Revocation. Upon termination of this Agreement pursuant to Section 5(a), the proxy and power of attorney granted herein shall automatically be deemed revoked without further action by any Party.